


-Price Below MA - Price Broke 1hr up trend -looks like a evening star is being created on the 4hr
-Broke Counter Trend Bull line - Price breaking consolidation - price below moving average
-Price above MA -Price Broke and retest counter trend -Price broke consolidation
after the break and retest it will continue up. DXY going to hell, uptrend on 4hr , engulfing bull on 1hr , price above ma
All I need is 3 confluences . The engulfing bear candle , price being under MA , and price being bearish on the weekly
Confluences: Weekly: Bullish 2hr:Morning Star 1hr/30min: Engulfing Bull Moving Average: Price Above Counter Trend: Price broke and retest Consolidation: Price Broke up and came back to retest the box
The overall trend is Bullish , And after this week of retracement I believe it will go up. My fibs line up perfectly with my Take profits . If you look in the past price went down then kinda got stuck at my 61.8 level then went back up , I believe its doing the same exact thing now.
I believe the market is creating a double top so I believe it will go to my purple level and I’ll see pride action once it gets there to see if it will continue or reverse .
I believe it will def go down to the 143.707 level just looking at the past then head back up , news comes out Thu March 2nd , at 5 am so I expect to see some moves then but I do believe we are retracing right now but will head back up eventually.
Confluences on Chart .Bull 4hr:Engulfing Bull MA Cross 4hr: Bear Counter Trend Broken
Bias: Downtrend W:Bear D:Bear 4hr:Small Bull 1hr: Consolidation Begin 30Min:Consolidation Confirm from MA Waiting on a cross of MA , Break and retest in consolidation or break of counter trend line
I believe it will go down touch my trend line then head back up.
Confluences on chart . In the trade. Lets see where it goes
I personally believe it will go up and touch my first purple zone like 139.98 bounce off that, its in consolidation right now so it might go down a little lower to my trend line but my overrall bias is Bullish
Im waiting for a break and retest just to show me the direction . But my bias ia bullish and my target is my grey area above.
Its retracing at the moment by the overall trend on the Weekly is bullish so I think its hitting 1970.748, my gold area. it may retrace to my 38.2 fib and the come back up.
Confluences D:Engulfing Bull W: Shooting Star 4hr/2hr: Engulfing Bull W: Uptrend 4hr/2hr: bounce off moving average DXY: Bearish It will most likely touch my 50% area on my fib just looking at the past and also the trend , then from there I believe it's going up with the other confluences.
On the daily its a small tweezer top so I do think It will bounce off my trend line then head back up. Lets see what happens